The New York Stock Exchange (NYSE) has reported a record-breaking January in terms of initial public offerings (IPOs) and new exchange traded fund (ETF) listings.
A total of USD8.5 billion in capital raised from 11 new IPOs resulted in the best January in the exchange’s 225 year history. Thirty eight of the last 38 large IPOs, defined by raising USD700 million or more, have listed on the New York Stock Exchange, a streak that began in 2014.
Large listings in January included ADT Inc (ADT) at USD1.47 billion, Americold Realty Trust (COLD) at USD724.8 million, Hudson Ltd (HUD) at USD748.9 million, PagSeguro Digital (PAGS) at USD2.27 billion, and VICI Properties (VICI) at USD1.2 billion.
A total of 34 new exchange traded funds (ETFs) listed on NYSE Arca during January, representing USD4.2 billion in assets under management, and 83 per cent of all new US listings. This contributed to the exchange’s strongest January in ten years.
“One month into the New Year, we are helping to bring a record amount of listings to market on our exchanges that are tailored to serve corporate and ETF issuers with an unparalleled level of service, liquidity and visibility,” says NYSE Group President, Tom Farley (pictured). “The trajectory for US and international listings continues and we look forward to working with each company to help bring their innovations to the global stage, creating new jobs and growing our economy.”